New rules on tax transparency for the crypto-asset sector

On 16 May 2023, the European Commission adopted an agreement on new tax transparency rules for all service providers that facilitate trading in crypto-assets for clients resident in the EU.

The Commission pointed out that fair and effective taxation was key to securing income from public investments and services and to creating a business environment for innovations to grow.

The new reporting requirements on crypto-currencies, electronic money and central bank digital currencies will enter into force on 1 January 2026.

Source: https://taxation-customs.ec.europa.eu/news/new-tax-transparency-rules-will-help-member-states-shine-light-crypto-asset-sector-2023-05-16_en

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